397
views

FUSION DCRM Interoperability Connecting All Blockchains with Traditional Finance

It’s without a doubt that blockchain technology has brought an enormous change in the finance industry. The distributed ledger technology (DLT) has dramatically transformed well-established financial institutions by improving transparency, lowering transaction costs, allowing faster transaction execution, and creating audibility of operations. For instance, blockchain technology has enhanced digital payments in the banking industry, introduced smart contracts, and integrates cryptography in a shared database to enhance transparency. 

But while blockchain technology has enormously transformed the finance sector, mainstream adoption is quite slow. This is largely attributed to interoperability and scalability, the major hindrances in realizing the full potential of blockchain technology in the finance sector. 

However, FUSION is a workable solution for the usability and scalability challenges witnessed in the various blockchain ecosystems within the finance sector. Project FUSION is an all-inclusive crypto finance platform that solves the bottlenecks of interoperability and scalability to offer an extensive range of financial leveraging blockchain technology. Here is a comprehensive review of this exciting platform. 

FUSION Project Overview

fusion ecosystem fsn use cases

Established in 2017, FUSION offers a comprehensive solution for interoperability challenges experienced across multiple blockchain ecosystems. The platform solves interoperability by linking cross-chain platforms (Bitcoin, Ethereum, Litecoin, etc.), cross-organizations (banks, insurance, exchange), and cross-data sources (index, stock prices, etc.) to create an all-in-one crypto finance platform. The platform also links centralized and decentralized organizations and also integrates both on-chain and off-chain data. 

FUSION links different types of blockchains by employing distributed network nodes to control various types of tokens’ private keys and create a control and management unit. The project is open-source and rewards community members who contribute to the project to make it better. 

Its inherent coin-Fusion coin powers the FUSION project. The coin employs a hybrid consensus model, i.e., PoS/PoA. In the hybrid consensus, the PoS consensus is used to select a winning node, validating the transaction and adding it to the block. The platform’s PoS, also referred to as TPOS consensus, is unique – it uses Time Value for staking.

Dejun (DJ) Qian is FUSION’s founder and CEO. DJ is also the founder of BitSE- a company that deals in a wide range of blockchain developments and infrastructure such as Qtum and VeChain. Since its launch, FUSION has struck several partnerships via the DCRM alliance, which brings onboard government partners, business institutions, and fintech companies looking for decentralized finance solutions using DCRM. 

How Does FUSION Solve Interoperability? – Decentralized Control Rights Management (DCRM)

At the heart of FUSION is the Distributed Control Rights Mechanism (DCRM). DCRM was developed with four leading cryptographers- Pascal Paillier, PH.D., Rosario Gennaro, Steven Goldfeder, PH.D., and Louis Goubin. The technology is designed for adoption enabling distributed systems to integrate into any on-chain or off-chain workflow. In other words, DCRM allows different blockchain networks to integrate into the FUSION network and communicate while still maintaining their different features.    

DCRM provides blockchain interoperability by leveraging the LILO (Lock In-Lock Out) function. LILO is basically a portal that allows you to deposit and lock your assets from any blockchain network into the Fusion network. A unique address, i.e., private keys are created for users, enabling them to control their assets from different blockchain networks to withdraw them. Private Keys also offers unparalleled security to users’ assets. 

FUSION claims that DCRM completely solves the massive problem of interoperability. It’s more powerful than atomic swaps, more secure than sharded key storage schemes, and much safer and cheaper than multi-signatures schemes. 

Features of FUSION’s DCRM

  • Private Keys Generation – DCRM automatically generated Private Keys for users to protect and control their assets. 
  • Distributed Transaction Signature – DCRM enables the execution of transactions after the nodes reach a consensus. 
  • Cross-Chain and Cross-System – DCRM allows the transfer of assets across heterogenous blockchains via decentralized custodian models that hold the assets. 
  • Liquidity and Security – DCRM offers a great deal of liquidity and security. It’s distributed key management scheme can be used as either a non – custodial solution for DeFi platforms or as a secure hot wallet solution for more centralized platforms such as wallet providers, custodians, exchanges, etc. 
  • Multiple Signatures – DCRM offers uncompromised asset security by necessitating multiple signatures during a transaction both on on-chain and off-chain workflow. 
  • Settlement Network – DCRM allows users to strengthen the blockchain network by creating a private and robust settlement network. A settlement network enhances the security of the network and also prevents network centralization.

Time-Value Extraction

fusion project fsn

Another unique feature in the FUSION project is the Time-Lock feature. This function allows users to monetize digital assets’ time-value and seamlessly model time-based transactions on the blockchain. The Time-Lock feature is an excellent innovation in the blockchain space, given the intense volatility of crypto coins. Thanks to the Time-Lock function, smart contracts now include a third factor-time enabling asset holders to monetize their assets’ time-value. On the platform, future and derivatives’ value corresponds with time. Additionally, staking is much more realistic and profitable when the time factor is added. 

FUSION Use Cases

FUSION’s financial and blockchain interoperability, as well as the property of expressing asset ownership over time, gives it a couple of use cases. 

  • Rights of ownerships- FUSION allows users to give digital assets, including options, futures, bonds, ownership rights, and time value. In turn, digital assets gain more functionality and value. 
  • Develop an Exchange- For blockchain developers, FUSION enables you to create a low-fee transaction platform with an ideal asset. FUSION allows you to create an extensive range of blockchain platforms, including private exchange, centralized exchanges, decentralized platforms, etc. 
  • Issue and Manage Licenses & Royalties- Thanks to the Time-Lock feature, FUSION makes it possible to issue licenses digitally when an expiration date. Similarly, you can collect royalties for your creative content or intellectual property via the platform and eliminate delays and middle-men. 
  • Convert your content to an Asset- Through FUSION, you can digitize your creative content such as a song into an asset. You can then confer the time-lock function to the token and sell it to listeners and digital service providers. 
  • Manage Foreign Exchange Risk- FUSION enables you to manage foreign exchange risk via the Quantum swap time lock feature. This function locks the price to USD Stable Coin and EUR Stable Coin, averting price changes. 
  • Manage Property- FUSION enables you to manage your property by digitizing the access keys to the smart locks and dictating the exact period of access using time-locked tokens. When this token expires, your property will not be accessible. This feature is ideal for rented properties to eliminate physical dependencies and enhance operations as well as transparency.

Closing Words

Bitcoin live price
Btc
Bitcoin
$29.689
price
1.91553%
price change
BUY NOW

FUSION is a revolutionary project in the crypto space looking to power the next wave of financial innovation on the blockchain. The platform solves the massive problem of interoperability between different blockchain ecosystems, contributing to widespread blockchain adoption. Additionally, the Time-Lock function brings about time in digital assets enabling asset holders to easily monetize the time-value of their assets and express asset ownership over time. In the future, FUSION will transform the crypto finance space by providing an optimal technical environment for financial innovation involving blockchain technology.  

Stay up to date with our latest articles

More posts

Volt Inu (VOLT) – Providing Passive Rewards for an Entire Army of Users

Volt Inu (VOLT) is a hyper-deflationary token seeking to help users diversify their investments across several asset types. Its goal is to build a loyal community, the VOLTARMY, whose members will have access to a growing ecosystem of assets and products, including NFTs, reflections, merchandise, and a P2E game. The meme-coin trend produced several projects with varying degrees of success and popularity in recent years. For instance, some coins like Shiba Inu made it into the top-10 cryptos by market…

HyperEarn – Encouraging an Active Lifestyle through Blockchain Technology

You'll be able to enter the latest trendy movement, "Move2Earn," using the HyperEarn token. There are many ways to get money with HyperEarn. You may run or sleep or even watch advertising to collect rewards.  With this quick introduction on our minds, let's get right into the core of today's review. We will treat HyperEarn neutrally in the article, and we urge you to do your own research before investing. A Closer Look into HyperEarn’s Ecosystem The HyperEarn platform relies…

Viubank: Earn Interest with Highest Crypto APY Through Fixed Deposit Receipt

An innovative new financial service called Viubank offers customers a way to earn interest on their long-term savings accounts. The concept depends on the cooperation with ELG bank, which brings together traditional and crypto-based financial expertise. About ViuBank Viubank is an innovative banking initiative promising simple access to fixed deposits that pay set interest rates. Depending on your preference, you can get daily, weekly, or monthly benefits. Thanks to its Vanuatu banking license, every depositor can open an account on…

RodeoCoin – Supporting the Western Lifestyle through Crypto

RodeoCoin is a hyper-deflationary token running on Binance Smart Chain seeking to reward its active users with BUSD reflection rewards. The project’s ultimate goal is to build a Community Wallet supporting the western lifestyle and community-oriented initiatives, including promoting talents in art, sports, and music. This short RodeoCoin review looks closely at one of the most recent projects to surface in the market. Read on to discover its features, tokenomics, and roadmap! What is RodeoCoin? RodeoCoin evolved from a group…

Shazu – Channeling the Ninja Abilities within NFT Collectors and Crypto Enthusiasts

Shazu is a community-driven project featuring a deflationary token, SHAZU, and a collection of unique Ninja NFTs. Its goal is to help users increase their financial freedom through reflection rewards, staking opportunities, and digital collectibles. This short Shazu review looks closely at one of the latest projects to surface in the cryptosphere. What is Shazu? Shazu is a project seeking to grow through its community while rewarding its members at the same time. It features a deflationary token on the…

WinWinCoins Will Make Crypto Trading More Accessible for Everyone

WinWinCoins is an innovative blockchain project providing a next-gen AI robot trading solution to help investors increase their profits. Its goal is to build an advanced, democratic platform easily accessible to everyone. This way, even newbie traders with little market knowledge can have a positive experience in cryptocurrencies. The WinWinCoins team believes it can accelerate crypto adoption by providing legitimate trading tools available to everyone. To this end, its trading bot could help eliminate losses and increase access to profitable…

SafeSwap Deploys on the Polygon Network to Allow the Farming and Staking of SSGTX

SafeSwap, a decentralized crypto exchange platform, has recently deployed on Polygon, previously known as the Matic Network, a scaling solution for public blockchain networks.   The integration of the Polygon chain by SafeSwap aims to revolutionize the DeFi industry by allowing the farming and staking of SafeSwap's token, SSGTX. The partnership enables users to exchange information without losing ownership or control in the staking and trading industry.  The main objective of SafeSwap is to empower traders and liquidity providers with an easy-to-access financial…

API Inu – A Blockchain Service Suite Joining the Meme Coin Hype

The meme coin hype is leading to the creation of more creative projects revolving around this type of cryptocurrency. In this context, API Inu is one of the latest examples, with a combination of blockchain data services and a meme token. Using TradingView's professional charting libraries, the project wants to provide simple indicators for beginner traders. Furthermore, the team wants its community to enjoy access to essential data like liquidity, trading volume, risk exposure, and fear vs. greed indicators.  API…

Ragdoll Cat NFT – A New Decentralized Project to Help Cats in Need

As the blockchain market grows, we learn more and more about how this technology can influence our daily lives. Ragdoll Cat NFT is a new project that puts together the interest for crypto, decentralized communities, and cats. In the following sections, we wish to report, in a neutral way, all the main features of this new initiative. After describing the ecosystem designed by the team, we’ll include some of the future developments that we should expect from the project. About…

Tiny Colony Review – The First-Ever Expansive Pixelated Tinyverse

Tiny Colony is a pixelated ecosystem of games, events, and experiences built on Solana that allows users to play without requiring NFTs. It features the first-ever construction and management blockchain game and benefits from the backing of iLogos, the prominent developers of Angry Birds 2, and regular partners of Disney, Ubisoft, EA, Rovio, and DreamWorks. The project is currently in full swing after striking partnerships with Fractal Marketplace, Twitch creator Justin Kan, and popular YouTuber iJustine. Furthermore, the game raised…